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$ 895,000
Est. payment /mo
Active
1007 Richey Gladewater, TX 75647
3.19 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26012273
Construction Status Pre-owned
Year Built 1976
Tax Year 2025
Lot Size 3.190 Acres
Acres 3.19
Property Sub-Type Building
Source Greater Tyler Association of REALTORS
Property Description
Eastgate Duplexes presents the opportunity to acquire a 14-unit multifamily portfolio consisting of seven single-story duplex buildings across eight separate parcels in Gladewater, Texas. The portfolio totals 13,384 SF on approximately 3.19 acres, with a uniform mix of fourteen 2-bedroom, 1-bath units averaging approximately 956 SF each. Ownership has completed significant recent improvements, including new roofs and gutters across all seven buildings in 2025, along with interior renovations and flooring improvements in select units. The portfolio offers identifiable upside through continued rent growth, with in-place rents averaging approximately $850 per month and recent leases signed at $900 and $950. The separate parcel configuration also provides investors with added flexibility to hold the portfolio as a whole or potentially sell individual duplex properties over time. PROPERTY DETAILS & HIGHLIGHTS 1Located between Tyler and Longview with convenient access to U.S. Highway 80 and Interstate 20, Eastgate Duplexes offers a manageable multifamily investment with current income, recent capital improvements, and multiple paths for future value creation.
Location
State TX
County Gregg
Interior
Furnishings Pre-owned
Building
Lot Description Inside City Limits
Sewer Public Sewer
Construction Status Pre-owned
Listed by Samuel Scarborough Scarborough Commercial Real Estate
NEARBY SCHOOL & BUSINESS
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